GPSC | Possible Bullish Dragon Harmonic Pattern
Price action and chart pattern trading setup
> possible upcoming bullish dragon harmonic pattern
> recommended entry at falling wedge breakout
> 1st target at 0.618 Fibonacci retracement at dragon hump zone near volume profile key resistance
> 2nd target at dragon head zone for medium term trading
> 3rd runtrend for dragon tailswing above 1.0.
> stoploss at dragon front feet near the lowest candlestick
> risk reward ratio 3:1 for medium-term trade
Indicator:
> bullish RSI above MA line approaching 50 for a strong uptrend signal
> MACD golden crossed signal line just below baseline 0 - improving in momentum
always trade with affordable risk and respect your stoploss
> possible upcoming bullish dragon harmonic pattern
> recommended entry at falling wedge breakout
> 1st target at 0.618 Fibonacci retracement at dragon hump zone near volume profile key resistance
> 2nd target at dragon head zone for medium term trading
> 3rd runtrend for dragon tailswing above 1.0.
> stoploss at dragon front feet near the lowest candlestick
> risk reward ratio 3:1 for medium-term trade
Indicator:
> bullish RSI above MA line approaching 50 for a strong uptrend signal
> MACD golden crossed signal line just below baseline 0 - improving in momentum
always trade with affordable risk and respect your stoploss